CoinsOnCards

    Issued by Lead Bank (Missouri-chartered, FDIC-insured) — Missouri-chartered, FDIC-insured bank

    Phantom Cash CardReview

    Self-custodial Visa debit card for spending on-chain CASH stablecoin from a Solana wallet.

    · Updated: Launched late 2025 with staged waitlist rollout
    Visit issuer
    Cashback
    Up to 0.00%
    Custody
    self_custodial
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: Solana users wanting to spend on-chain assets with a self-custodial Visa-network card.

    Skip if: You want cashback rewards, ATM access, or live outside the 48 supported US states.

    • Offers true self-custody but provides 0% cashback rewards at launch.
    • Features gasless transactions and free ACH transfers but disables all ATM withdrawals.
    • Integrates with Apple Pay and Google Pay but is a virtual-only card initially.
    Get the Phantom Cash Card

    How it works

    • * **Real-Time Conversion:** Spends on-chain CASH stablecoin by converting it to USD instantly at the point of sale.
    • * **Gasless Transactions:** Phantom covers Solana network fees for all swaps, transfers, and card transactions within the Cash account.
    • * **Fee-Free Stablecoin Swaps:** Convert USDC, USDT, USDG, and PYUSD on Solana to CASH with zero Phantom fees.
    • * **Peer-to-Peer Payments:** Instantly send CASH to other Phantom users for free using their @username.
    • * **DeFi Earning:** As CASH is an on-chain Solana token, it can be deposited into external DeFi protocols like Kamino Finance to earn yield.
    • * **Unified App:** A single interface for the crypto wallet, trading, bank transfers (ACH/wire), and card spending.

    Funding: ACH deposit · Wire deposit · Direct deposit · Debit card top-up via Stripe · In-app swap from supported Solana tokens · Stablecoin conversion (USDC, USDT, USDG, PYUSD)

    Fees

    BankingDirect deposit: true · Users can receive salary via direct deposit. Free ACH deposits and withdrawals including same-day. Domestic wire deposits free on Phantom side.

    Custody & risk

    • If the issuer disappears
      While the wallet is self-custodial, the CASH stablecoin itself is a crypto asset backed 1:1 by USD reserves held by Bridge Building Inc. in segregated accounts. These underlying crypto assets are not FDIC-insured.
    • Regulatory risk
      Product unavailable in NY (BitLicense requirement) and AK (money transmitter licensing)
    • Counterparty risk
      CASH stablecoin balances are not FDIC-insured as they are crypto assets, not bank deposits
    • Market risk
      New product launched late 2025 with limited track record

    Users retain full control of their private keys, which are managed via Phantom's secure key management system. Funds are held on-chain as CASH tokens in the user's personal Solana wallet and are only converted to fiat at the moment of purchase. The provider cannot move funds without user authorization.

    Protections

    • Biometric authentication
    • Encrypted key storage
    • Seed phrase backup
    • Card freeze/unfreeze controls
    • Real-time transaction monitoring
    • Email/mobile recovery system

    Insurance & coverage: CASH is fully backed 1:1 by USD reserves held by Bridge Building Inc. in segregated accounts at regulated financial institutions. Card issuer Lead Bank is FDIC-insured.

    Limits

    notes
    No pre-loading required; spend directly from on-chain CASH balance
    atm daily
    Not available
    atm monthly
    Not available
    daily spending
    $2,000 (upgradeable to $5,000 after review)
    per transaction
    $2,000

    The good

    • No monthly fees and $0 domestic purchase fees.
    • Free ACH transfers and gasless Solana transactions.
    • Instant on-chain conversion at point of sale.
    • Apple Pay and Google Pay integration at launch.

    The catches

    • 0% cashback rewards program at launch.
    • International purchases have a 1% + $0.30 fee.

    Limitations

    • majorCurrently US-only (excluding NY and AK)
    • majorATM withdrawals completely disabled
    • moderateNo cashback or rewards at launch
    • moderateVirtual card only (physical card coming soon)
    • moderateIndividual user balances are not FDIC-insured as CASH is a crypto asset
    • minorInternational purchases incur 1% + $0.30 fee